TIDMBRK
RNS Number : 6202Q
Brooks Macdonald Group PLC
28 October 2021
BROOKS MACDONALD GROUP PLC
(the "Company")
Result of Annual General Meeting ("AGM")
The Company's 2021 AGM was held today at 21 Lombard Street,
London. The Board is pleased to announce that all resolutions
proposed at the meeting were passed on a poll. The table below
shows the total votes validly cast, being those votes for or
against each resolution. Total votes cast, including votes
withheld, were over 13,592,801 Ordinary Shares, representing 83.96%
of the O rdinary Shares in issue on 26 October 2021.
For Against Votes withheld
(see note (see note (see note
1) 1) 2)
--- --------------------------- ----------- -------- ----------- ------- ---------------
Votes % Votes % Votes
--- --------------------------- ----------- -------- ----------- ------- ---------------
Receipt of the Annual
1 Report and Accounts 13,568,620 100.00% 0 0.00% 24,181
--- --------------------------- ----------- -------- ----------- ------- ---------------
Declaration of a final
2 dividend 13,568,773 100.00% 0 0.00% 24,028
--- --------------------------- ----------- -------- ----------- ------- ---------------
Approval of the Directors'
remuneration report
3 (advisory) 8,967,178 68.05% 4,209,698 31.95% 415,925
--- --------------------------- ----------- -------- ----------- ------- ---------------
Re-election of Alan
4 Carruthers as a Director 13,562,683 99.97% 4,604 0.03% 25,514
--- --------------------------- ----------- -------- ----------- ------- ---------------
Election of Andrew
5 Shepherd as a Director 13,567,287 100.00% 0 0.00% 25,514
--- --------------------------- ----------- -------- ----------- ------- ---------------
Re-election of Ben
6 Thorpe as a Director 13,567,287 100.00% 0 0.00% 25,514
--- --------------------------- ----------- -------- ----------- ------- ---------------
Election of Lynsey
7 Cross as a Director 13,567,287 100.00% 0 0.00% 25,514
--- --------------------------- ----------- -------- ----------- ------- ---------------
Re-election of Richard
8 Price as a Director 13,567,287 100.00% 0 0.00% 25,514
--- --------------------------- ----------- -------- ----------- ------- ---------------
Re-election of John
9 Linwood as a Director 13,227,479 97.49% 339,961 2.51% 25,361
--- --------------------------- ----------- -------- ----------- ------- ---------------
Re-election of Dagmar
10 Kershaw as a Director 13,567,287 100.00% 0 0.00% 25,514
--- --------------------------- ----------- -------- ----------- ------- ---------------
Re-election of Robert
11 Burgess as a Director 13,567,287 100.00% 0 0.00% 25,514
--- --------------------------- ----------- -------- ----------- ------- ---------------
Re-appointment and
remuneration of the
12 Auditor 13,568,620 100.00% 153 0.00% 24,028
--- --------------------------- ----------- -------- ----------- ------- ---------------
13 Political donations 12,837,810 94.61% 730,963 5.39% 24,028
--- --------------------------- ----------- -------- ----------- ------- ---------------
Authority to allot
14 new shares 13,212,924 97.49% 339,696 2.51% 40,181
--- --------------------------- ----------- -------- ----------- ------- ---------------
Authority to disapply
15 pre-emption rights 13,366,593 98.63% 186,027 1.37% 40,181
--- --------------------------- ----------- -------- ----------- ------- ---------------
Additional authority
to disapply pre-emption
16 rights 13,366,593 98.63% 186,027 1.37% 40,181
--- --------------------------- ----------- -------- ----------- ------- ---------------
Authority to purchase
17 own shares 13,462,404 99.22% 106,369 0.78% 24,028
--- --------------------------- ----------- -------- ----------- ------- ---------------
Notice periods for
general meetings (other
18 than AGM) 13,568,773 100.00% 0 0.00% 24,028
--- --------------------------- ----------- -------- ----------- ------- ---------------
Notes
1. Votes "For" and "Against" are expressed as a percentage of
votes received. Any proxy appointments which gave the Chairman
discretion have been included in the "For" total.
2. A "Vote Withheld" is not a vote in law and is not counted in
the calculation of the proportion of votes "For" or "Against" a
resolution.
3. Resolutions 1 to 14 were ordinary resolutions and resolutions
15 to 18 were special resolutions.
4. The number of ordinary shares in issue as at 26 October 2021 was 16,189,188.
Resolution 3 (Approval of the Directors' remuneration
report)
The Board notes that, while all resolutions were passed, a
substantial minority of votes (31.95%) were cast against Resolution
3, the advisory resolution to approve the Directors' remuneration
report. The Remuneration Committee on behalf of the Board consults
extensively with shareholders on remuneration and takes their
feedback into consideration. In accordance with the UK Corporate
Governance Code 2018, the Remuneration Committee will continue to
consult shareholders to understand the full reasons for the result
and the Company will provide, within 6 months of the 2021 AGM, an
update on views received from shareholders and any actions
taken.
Enquiries to:
Brooks Macdonald Group plc www.brooksmacdonald.com
Andrew Shepherd, CEO 020 7659 3492
Ben Thorpe, Chief Financial Officer
Peel Hunt LLP (Nominated Adviser and Broker)
Andrew Buchanan / John Welch / Rishi Shah 020 7418 8900
FTI Consulting brooksmacdonald@fticonsulting.com
Laura Ewart / Katherine Bell 07711 387085 / 07976
870961
Notes to editors
Brooks Macdonald Group plc, through its various subsidiaries,
provides leading investment management services in the UK and
internationally. The Group, which was founded in 1991 and began
trading on AIM in 2005, had discretionary Funds under Management of
GBP16.8 billion as at 30 September 2021.
Brooks Macdonald offers a range of investment management
services to private high net worth individuals, pension funds,
institutions, charities and trusts. The Group also provides
financial planning as well as international investment management,
and acts as fund manager to a range of onshore and international
funds.
The Group has thirteen offices across the UK and the Channel
Islands including London, Cheltenham, East Anglia, Exeter,
Hampshire, Leamington Spa, Leeds, Manchester, Tunbridge Wells,
Scotland, Wales, Jersey and Guernsey.
LEI: 213800WRDF8LB8MIEX37
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END
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